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Over $4 billion of CPF funds invested in T-bills and fixed deposits in Jan and Feb
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CPF Board said there were more than 16,000 successful applications for T-bills and 11,000 applications to put Ordinary Account funds into fixed deposits.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Singaporeans have invested over $4 billion of their Central Provident Fund (CPF) savings into treasury bills (T-bills) and fixed deposits (FDs) in the first two months of 2023, as they look to stretch their retirement savings amid the current inflationary environment.
The figures provided to The Straits Times by the CPF Board showed there were more than 16,000 successful applications for T-bills in the five auctions in January and February.
